Manesh manages the news desk and serves as an editor at Regulation Asia. He covers regulatory changes across Asia Pacific that impact banking, capital markets, asset management, and financial services more generally. Manesh is a former trader and investment consultant with a degree in Finance and Banking. manesh@regulationasia.com
Capital / Liquidity
FSB to Conduct “In-depth” Review of G-SIB Resolution Framework
07/07/2023
FSB members also approved the high-level recommendations for crypto-assets and stablecoins, which will be submitted to the G20 for endorsement this month.
Capital / Liquidity
BCBS Proposes Revisions to Core Principles for Effective Banking Supervision
06/07/2023
The amendments cover a wide range of topics, addressing climate, digitalisation, interest rate risk, cyber risk, counterparty credit risk, and bank culture.
Capital / Liquidity
FSB, IOSCO Propose Tighter Rules for Open-ended Funds
06/07/2023
The FSB and IOSCO are calling for greater and more consistent use of anti-dilution liquidity management tools in open-ended funds, such as swing pricing.
Big Picture
Model Risk Heightened in Current Credit Environment: BCBS
05/07/2023
Model and data limitations are making it more difficult for banks to capture credit quality deterioration, which may lead to higher future bank losses and capital inadequacy, the BCBS says.
Market Infrastructure
Bond Connect Will be Further Enhanced, Says HKMA Chief
05/07/2023
HKMA chief Eddie Yue discussed plans to open foreign access to the onshore treasury bond futures market and allow repo trades via Bond Connect.
Market Infrastructure
IOSCO Declares Certain Credit Sensitive Rates Non-Compliant
04/07/2023
IOSCO’s statement comes after the final five settings of USD LIBOR were published for the last time on Friday, marking the end of a more than 50 year old benchmark.
Market Infrastructure
Singapore Finalises Approach for Transitioning SIBOR Loans to SORA
30/06/2023
Recommendations finalised for how adjustment spreads should be set for converting SIBOR loans to a SORA reference rate.
Securities / Derivatives
HKEX Signs Beijing, Ningbo MoUs to Boost New Listings
30/06/2023
The MoU with Beijing Stock Exchange will support cross-listings. The Ningbo MoU will support Ningbo-based companies in listing in Hong Kong.
Securities / Derivatives
SFC to Further Enhance Market Connectivity With Mainland
28/06/2023
SFC chief Julia Leung said at an ASIFMA event that new Mainland-based derivatives contracts will be launched in Hong Kong.
Securities / Derivatives
HKEX Says New IPO Settlement Platform Will Launch in October
28/06/2023
HKEX has completed external user testing for the launch of FINI, which will shorten IPO settlement times from five to two days.
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